Tips to Choose the Right Travel Insurance for Overseas

Even in this current economic crisis, people plan holiday trip to Europe, the UK and to many other popular destinations. If you too are planning an international trip, you should buy a comprehensive travel insurance policy. Failing to buy a travel insurance for overseas can be a costly fault – even a minor surgery in any emergency can cost huge. Don't let the price quoted by your travel agent or insurer put you off. According to experts, policies bought from a travel agent can cost four times as much as those you buy from a popular insurance company.

Here is how you can be able to get the right policy for you. Read on to know these significant tips on cutting the cost of travel insurance. And ensure you get the right policy for you.

Look Across Boundary Line

Since travel insurance is no different from any other insurance policies, price should not be just the matter of your concern. In general, you should focus on a policy that includes huge compensation for medical, personal liability, flight cancellation, loss or delayed of baggage, passport or cash. The level of excess you choose – i.e. the portion of the claim that you need to meet before the insurer pays out – affects premium. It is important to keep in mind no all insurance companies allow to adjust excess. But the more you are prepared to pay, the lower your premium will be.

Types of Policies

Generally two types of insurance policies you can avail – single-trip and multiple trips policies. Single trip covers only one trip whereas multiple trips cover you for every trip you make over the course of a year.

• Single Trip Policy – For you know that you will be taking international trip only once over a 12-month period, buying a single trip insurance policy is the best to suit you. It makes more sense to you.

• Multi-Trip Policy – If you know that you will be making more than once overseas trip, multi-trip policy might be the finest option. It might be cheaper than byuing many single-trip policies – especially if you are going long-haul.

Know Your Cover

Including other consideration is to know your cover. Ensure in which cases the policy will come to protecting you against. Make sure it covers you against, flight cancellation, delay of checked baggage, loss of passport, medical treatment, airline failure and so on.

Overall, buy a travel insurance policy for oversea from a premier and leading general insurance company. But, don't fail to keep the points mentioned above on high priority.